Science Applications International (NYSE:SAIC) was upgraded by stock analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a report released on Tuesday, Marketbeat.com reports. The firm presently has a $97.00 price target on the information technology services provider’s stock. Jefferies Financial Group’s price target points to a potential upside of 21.72% from the stock’s current price.

A number of other analysts have also commented on the company. Vertical Research lowered Science Applications International from a “buy” rating to a “hold” rating and set a $80.00 price objective on the stock. in a research note on Tuesday, September 11th. Cowen reaffirmed a “hold” rating and set a $82.00 price objective on shares of Science Applications International in a research note on Tuesday, September 11th. Wells Fargo & Co reaffirmed a “hold” rating and set a $84.00 price objective (down previously from $88.00) on shares of Science Applications International in a research note on Monday, September 10th. Zacks Investment Research lowered Science Applications International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 14th. Finally, Drexel Hamilton lowered Science Applications International from a “buy” rating to a “hold” rating in a research note on Wednesday, June 13th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. Science Applications International has a consensus rating of “Hold” and an average price target of $87.29.

SAIC opened at $79.69 on Tuesday. The company has a current ratio of 1.40, a quick ratio of 1.24 and a debt-to-equity ratio of 2.61. The firm has a market cap of $3.35 billion, a P/E ratio of 22.94, a P/E/G ratio of 3.48 and a beta of 1.40. Science Applications International has a 52 week low of $65.29 and a 52 week high of $93.31.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings data on Monday, September 10th. The information technology services provider reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.14. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.11 billion. Science Applications International had a return on equity of 57.27% and a net margin of 4.21%. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.80 earnings per share. equities analysts predict that Science Applications International will post 4.54 earnings per share for the current fiscal year.

In other Science Applications International news, CEO Anthony J. Moraco sold 21,737 shares of the firm’s stock in a transaction dated Friday, June 29th. The stock was sold at an average price of $81.32, for a total value of $1,767,652.84. Following the sale, the chief executive officer now directly owns 61,249 shares of the company’s stock, valued at approximately $4,980,768.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.05% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of the business. First Midwest Bank Trust Division boosted its stake in Science Applications International by 13.2% in the 2nd quarter. First Midwest Bank Trust Division now owns 5,175 shares of the information technology services provider’s stock worth $419,000 after buying an additional 604 shares during the last quarter. MetLife Investment Advisors LLC boosted its stake in Science Applications International by 1.4% in the 2nd quarter. MetLife Investment Advisors LLC now owns 45,875 shares of the information technology services provider’s stock worth $3,713,000 after buying an additional 632 shares during the last quarter. GWM Advisors LLC boosted its stake in Science Applications International by 3.5% in the 2nd quarter. GWM Advisors LLC now owns 19,496 shares of the information technology services provider’s stock worth $1,590,000 after buying an additional 659 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Science Applications International by 4.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 18,375 shares of the information technology services provider’s stock worth $1,487,000 after buying an additional 732 shares during the last quarter. Finally, Piedmont Investment Advisors LLC boosted its stake in Science Applications International by 9.9% in the 2nd quarter. Piedmont Investment Advisors LLC now owns 8,197 shares of the information technology services provider’s stock worth $663,000 after buying an additional 736 shares during the last quarter. 64.93% of the stock is currently owned by hedge funds and other institutional investors.

Science Applications International Company Profile

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. Its offerings include engineering; technology and equipment platform integration; maintenance of ground and maritime systems; logistics; training and simulation; operation and program support services; and end-to-end services, such as design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure.

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Analyst Recommendations for Science Applications International (NYSE:SAIC)

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